CHICAGO (CBS) -- The budget watchdog group the Civic Federation warned Monday that the Chicago Public Schools' finances are in such bad shape that the State of Illinois may need to take control of the ...

There were hopeful notes at the swearing-in of 20 new board members, half of them elected. Now the hard work begins.

The Civic Federation warned of dire consequences if this troubling period is mishandled, even as the financial picture for Chicago Public Schools is better than it was a decade ago. This could ...

A new report being released today by the government watchdog Civic Federation puts Chicago Public School finances under the microscope as the district nears a fateful turning point.

The borrowing comes as the government watchdog Civic Federation describes the junk-rated school district as being at a ...

As CPS and its teachers union disagree about how much the district can afford, a new report warns of dire fiscal outlook.

While state aid has increased since 2017, helping CPS fund its general operations and pay down pension debts, it is still “underfunded relative to need,” the Civic Federation noted.

CHICAGO (WLS) -- A new report paints a dire financial picture at Chicago Public Schools. The Civic Federation says CPS is in such bad financial shape, that the state may need to take over control.

The budget watchdog group said CPS' finances are in such bad shape that the State of Illinois may need to take control of the school district.

CHICAGO (CBS) -- The budget watchdog group the Civic Federation warned Monday that the Chicago Public Schools' finances are in such bad shape that the State of Illinois may need to take control of ...

Manuel Martinez/WBEZ Share Just two days before a new Chicago school board is sworn in, a report is laying out the stark financial challenges members will face and recommends the board make cuts ...